PMI Group Inc., a mortgage insurance company, was seized by the state of Arizona last week, and has begun to pay out claims at only 50 percent. The California based company’s main unit was taken over by the Arizona insurance regulator, which is now in charge of managing and controlling […]

In an effort to boost the economy, President Barack Obama announced changes to the existing home refinancing plan that would allow “underwater” homeowners to save money on their mortgages. Obama spoke in Nevada, the state with the highest foreclosure rate, to announce changes that would allow homeowners who owe more […]

Unexpected wireless charges and head-scratching overage fees may soon be a thing of the past. The CTIA, a wireless industry’s trade association which represents more than 97 percent of wireless consumers, announced Oct. 17 that it will send free alerts to warn customers about overage charges, including messages both before […]

Citigroup and Wells Fargo posted strong third quarter earnings on October 17. This news comes three years after the 2008 financial crisis, when the U.S. government issued bailouts to the banks for $45 billion and $25 billion respectively. Citigroup reported $3.77 billion in earnings for the quarter, a 74 percent […]

On Wednesday, October 12, BlackBerry device users experienced a data outage that lasted for three days, leaving users without email function or Internet access on their phone. Research in Motion (RIM), the company that runs BlackBerry, is set to give BlackBerry users free applications on their devices as a result […]

Gap, the United State’s largest clothing chain, is planning to close one-fifth of its stores in the United States by 2013. Gap detailed plans to close 189 locations, 21 % of its stores, in an attempt to increase short-term profits while gearing up for plans to expand overseas. This announcement […]

The Accounting and Business Association hosted a PricewaterhouseCoopers interviewing tips session on Tuesday, stressing the importance of “brand” and connections for those going into an interview. Dori Jamison and Kerri Barrack were the speakers on a presentation devoted to helping students improve their interviewing skills as well as improving […]

Apple’s CEO Tim Cook announced the creation of the newest iPhone product, the iPhone 4S, on October 4, although many consumers had anticipated the announcement of a brand new iPhone 5. The iPhone 4S sold 1 million preorders in its first 24 hours of availability, a new record for Apple, […]

At Apple’s unveiling of the new iPhone 4S, Apple CEO Tim Cook also announced a new contract with Sprint as an addition to iPhone carriers. Sprint executives hope this addition will boost their bottom line and promote interest in the third largest U.S. wireless provider. According to the Wall Street […]

Over the past year, Yahoo has experienced a period of dormant growth and shrinking market share. The company ousted its chief executive officer Carol Bartz last month and has been struggling to compete with similar websites like Google and Bing.  Nevertheless, junior marketing and supply chain management double major Ari […]